VCI chief urges Germany to be more daring with industrial policy

13 June 2013 16:18  [Source: ICIS news]

LONDON (ICIS)--Germany needs to be more daring with industrial policy, the president of the country’s chemical industry trade group, VCI, said on Thursday.

Karl-Ludwig Kley, who is also CEO of Germany-based specialty chemicals and pharmaceuticals firm Merck, called in particular for a coherent approach between governments, ministries and agencies at federal and state levels.

Industrial policy is cutting across many sectors, Kley said in a discussion with politicians from Germany’s main parties.

"It cannot be worked on with single, isolated measures or programmes. It must be consistent with energy, environmental and tax policies," Kley said.

He said that following Germany’s upcoming elections in September, the new government will be facing three key challenges: creating conditions for more innovation in Germany; affordable and reliable energy supplies; and a tax system that encourages investment and economic growth.

Germany will have federal elections on 22 September, with almost 62m voters called on to decide whether to re-elect Chancellor Angela Merkel's ruling Christian Democrat-led coalition government.

For 2013, Frankfurt-based VCI has forecast 1.5% year-on-year growth in the country's chemical production.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy blog

By: Stefan Baumgarten
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